US to Fund ‘Digital Twin’ Projects for Chips With $285 Million – Bloomberg
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world
Americas+1 212 318 2000
EMEA+44 20 7330 7500
Asia Pacific+65 6212 1000
The Biden administration is opening applications for $285 million in federal funding to set up an institute focused on digital twin technology for the semiconductor industry, which uses virtual models of components to help reduce development and manufacturing costs.
The funding is part of the 2022 Chips and Science Act, which includes $11 billion for semiconductor research and development. Officials said they anticipate the investment will help the US pivot to more advanced chip technology as it’s developed, limiting reliance on foreign supply chains.
